12:21:01 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Parcelpal Logistics Inc
Symbol PKG
Shares Issued 233,152,735
Close 2023-11-02 C$ 0.015
Market Cap C$ 3,497,291
Recent Sedar Documents

Parcelpal buys 20 electric delivery vehicles in U.S.

2023-11-02 13:51 ET - News Release

Mr. Rich Wheeles reports

PARCELPAL LOGISTICS ANNOUNCES ADDING 20 ELECTRIC DELIVERY VEHICLES TO ITS FLEET IN THE UNITED STATES INCREASING PRODUCTIVITY AND EFFICIENCY

Parcelpal Logistics Inc. has acquired 20 electric delivery vehicles in the United States, which are already on the road daily for the company's largest customer in Utah. Parcelpal's goal is to have 50 per cent of its delivery fleet be composed of electric vehicles by the end of 2024 and fully electric by the end of 2026. In addition to being an environmentally friendly pivot, the company has also found that using electric vehicles saves approximately one hour per day on its drivers' routes because the vehicles screens interface with the delivery app. Drivers no longer worry about relying on their phone for navigation information. The screen above the steering wheel displays precise driving directions and a bigger screen defines detail on the delivery locations, which both help to keep eyes on the road and avoid obstacles. The drivers at the company's facility who have been the first to use the vans have shown an increase in productivity by shaving approximately one hour off their routes per day as a result.

Chief executive officer Rich Wheeless stated: "We are always looking for ways to become more efficient and eco-friendly, while making sure the delivery experience is as customer friendly as possible. I see this as a major step in that direction and the results in the initial weeks have proven to be very promising. This will also help us on an operating efficiency basis due to reduced labor costs and higher margins, which is a nice bonus. I am looking forward to adding additional electric vehicles to our fleet in the coming months."

The company looks forward to providing additional material updates in the coming days and weeks.

About Parcelpal Logistics Inc.

Based in Vancouver, B.C., Parcelpal is a company that specializes in last-mile delivery service and logistics solutions. The company is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in Canada, as well as in Western United States. Some of the company's verticals include pharmacy and health, meal kit deliveries, retail, groceries, and more.

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